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- 1/8/2021 -
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Tyson Foods (TSN)

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Summary:
Weekly :
Daily :The price has risen above the Parabolic SARPrice is close to the 50 Day Moving Average
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It was the negative week for the Tyson Foods (TSN). During the week, the TSN gave back -0.41 points, or -0.64%, and closed at 64.03 on Friday, January 8, 2021. Weekly volume was -22% below average.

Long-term trend: [See TSN long-term trend chart]
A long-term downtrend had started on January 13, 2020 at 94.24 and reached 42.57 on March 18, 2020. TSN lost 51.67 points, or 54.83%, in 9 weeks. The price is now at the 41.53% retracement level.

Medium-term trend: [See TSN medium-term trend chart]
A medium-term uptrend had started on July 9, 2020 at 55.28 and reached 70.48 on December 14, 2020. TSN gained -15.20 points, or -27.50%, in 22 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 56.11 and resistance is at 71.26. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See TSN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See TSN short-term trend chart]
A short-term uptrend had started on November 4, 2020 at 55.82 and reached 70.48 on December 14, 2020. TSN gained -14.66 points, or -26.26%, in 40 days. The price is now at the 44.00% retracement level.

Daily Technical Indicators: [See TSN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since December 15, 2020. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.70
Williams' Percentage Range (W%R) 68.40
Lane's Stochastic (%D-Slow) 53.84
Greed/Fear Indicator (GFI) 43.71
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.32
Williams' Percentage Range (W%R) 37.40
Lane's Stochastic (%D-Slow) 70.19
Greed/Fear Indicator (GFI) 62.45
Moving Average Converg./Diverg. (MACD) -0.42
Trading Signals
Description Value Chart
Weekly Trendline Resistance 71.26
Upper Bollinger Band 68.91
Weekly Stochastic Crossing 66.78
20 Day Moving Average 65.22
Daily Stochastic Crossing 64.42
Price 64.03
50 Day Moving Average 63.66
Parabolic System 62.54
Lower Bollinger Band 60.47
Weekly Trendline Support 56.11
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 14
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.82
Low Date 11/04/2020
High 70.48
High Date 12/14/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 71.26
Support 56.11
Low 55.28
Low Date 07/09/2020
High 70.48
High Date 12/14/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.57
Low Date 03/18/2020
High 70.48
High Date 12/14/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 94.24
High Date 01/13/2020
Low 42.57
Low Date 03/18/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.40
Low Date 11/20/2008
High 94.24
High Date 01/13/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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